Bloomberg: Spain’s FIU Sepblac fines CaixaBank €30M+ for serious AML failures linked to the 2016 sale of Madrid’s Torre Foster skyscraper – proving old real-estate deals can still bring heavy penalties

Regulators found weaknesses in CDD and failures to flag suspicious activity in what was considered a high-risk real-estate transaction, making the sanction one of the largest ever imposed by the Spanish AML watchdog. CaixaBank has said it is appealing the decision, underscoring how legacy transactions can still carry major regulatory and financial consequences years later…